Palatine Retail Space For
1131 East Dundee Road Palatine, IL 60074
For Sale
$1,275,000
Retail space in Palatine, Illinois, available for purchase.
Property Size5,323 SF
Lot Size0.90 Acres
Price / SF$239.53
Days on Market122
Property Features for 1131 East Dundee Road
General Information
- Standard status
- Active
- Size
- 5,323 SF
- Lot size
- 0.90 Acres
- Property subtype
- Retail
Listing Agency:
CBRE | Chicago
(312) 861-7851
Listed By:
Peter Graham
(312) 861-7851
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 24 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago
Investment Insights
Based on property information with market context.
The property features a basement with approximately 1,347 square feet and a ground floor with approximately 5,323 square feet. The land size is approximately 0.9 square feet. The PIN number is 02-12-101-041. The 2024 taxes, payable in 2025, are $96,281.
Key Highlights
- +\/-5,323 SF Ground Floor with +\/-1,347 SF Basement: Large building size.
- Substantial Land Size: +\/- 0.9 SF.
- Asking Price $1,275,000: High‑value property.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.0k | $21.60 |
| − Vacancy | −$9.4k | −$1.77 |
| EGI | $105.5k | $19.83 |
| − OpEx | −$31.7k | −$5.95 |
| NOI | $73.9k | $13.88 |
5,323 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,645 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chase Bank
Bank
ATM (Chase Bank)
Atm
Chase ATM
Atm
Chase Mortgage
Loan Service
FAQs
What type of property is this?
Retail space - Retail space in Palatine, Illinois, available for purchase.
Where is this retail space located?
The property is located at 1131 East Dundee Road Palatine, IL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: +\/-5,323 SF Ground Floor with +\/-1,347 SF Basement: Large building size.; Substantial Land Size: +\/- 0.9 SF.; Asking Price $1,275,000: High‑value property.
